Perkeso to raise Lindung 24 Jam contribution rate to 1.25pct by sixth year
KUALA LUMPUR: The contribution rate for the Social Security Organisation's (Perkeso) Non-Employment Injury Scheme, or Lindung 24 Jam, will be increased gradually to 1.25 per cent in the sixth year.
The Social Security Organisation's (Perkeso) contribution rate for the Lindung 24 Jam, a Non-Employment Injury Scheme, will be gradually increased to 1.25 percent in the sixth year. This adjustment will boost income replacement benefits from 48 percent to 80 percent. Deputy Chief Executive Edmund Cheong Peck Huang explained that the current contribution rate of 0.75 percent is the minimum that can be implemented as the scheme is rolled out in stages, as instructed by the government.
Cheong emphasized that the increase aims to ensure protection benefits remain relevant, including medical and rehabilitation benefits. The current rate of 48 percent will rise to 80 percent income replacement during the sixth year.
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